Stock Market & Financial Investment News

Capital One has significant loan exposure in states impacted by Hurricane SandyIn a regulatory filing Capital One said: "On October 29,, Hurricane Sandy made landfall on the New Jersey coast. The Federal Emergency Management Agency, FEMA, has given a Major Disaster Declaration to coastal counties in Connecticut, New Jersey and New York. Other counties in those states and in other states in the Northeast and Mid-Atlantic also experienced varying, although lesser, damage and disruption from the storm. We have significant consumer and commercial loan exposure in Connecticut, New Jersey and New York, the states with the most severe FEMA disaster declarations".